Ho Bee - Mixed calls by analysts.

Date/Research House/Stock/Last Done/Target Price/Call/Valuation Method

11/12/10 CIMB Ho Bee 1.68 2.07 Outperform RNAV (25% discount)

08/17/10 DBS Vickers Ho Bee 1.61 2.15 Buy
10/18/10 DBS Vickers Ho Bee 1.67 2.24 Buy
12/16/10 DBS Vickers Ho Bee 1.56 2.2 Buy
12/20/10 DBS Vickers Ho Bee 1.56 2.2 Buy

12/23/10 DIR Ho Bee 1.57 1.92 Hold

09/08/10 Kim Eng Ho Bee 1.51 1.91 Buy RNAV (30% discount)
11/12/10 Kim Eng Ho Bee 1.68 1.91 Buy

11/16/10 OCBC Ho Bee 1.66 2.2 Buy

10/04/10 phillip Ho Bee 1.65 1.91 Buy RNAV (20% discount), PER5.6x
11/12/10 phillip Ho Bee 1.68 1.91 Hold
12/16/10 phillip Ho Bee 1.56 1.91 Hold